The head of Saudi Aramco: Saudi Arabia is prepared to tolerate cheap oil

The head of Saudi Aramco: Saudi Arabia is prepared to tolerate cheap oil


While market participants believe that Saudi Arabia is the main lobbyist of maintaining current production levels in OPEC.

MOSCOW, 29 Dec. Saudi Arabia is better than other countries, prepared for the period of low oil prices, said the head of the Saudi oil state-owned Saudi Aramco, Khalid al-falih (Khalid al-Falih).

“Saudi Arabia longer than anyone else, is able to wait for the market (oil ‒ ed.) do not counter-balanced” ‒ quoted by al-falih Reuters.

The survey

What will happen to oil prices in 2016?

  • Will collapse to $ 20 per barrel
  • Will remain at around 30-35 dollars
  • Edge up to 45-50 dollars
  • Soar to 90-100 dollars

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